Interest loan to buy a car

Fatawa Question

Assalamu Alaikum, I'm a final year medical student studying in Kerala, India. I wish to buy a motor vehicle for my private use. As I've no ready cash, I'm forced to take a loan from a finance group, which offers a way to give money in 36 months installments ; Is there anything wrong in doing that ? Notes : for taking a loan to buy a motor vehicle.

Fatwa

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Publication Date

2002-03-31

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725771

American Psychological Association (APA)

Qahf, Mundhir. 2002-03-31. Interest loan to buy a car. .
https://search.emarefa.net/detail/BIM-725771

Modern Language Association (MLA)

Qahf, Mundhir. Interest loan to buy a car. 2002-03-31.
https://search.emarefa.net/detail/BIM-725771

American Medical Association (AMA)

Qahf, Mundhir. 2002-03-31. Interest loan to buy a car.
https://search.emarefa.net/detail/BIM-725771